First Issue of Sathipola Presented to Basil!

Sri Lanka’s first business weekly, ‘Sathipola’ was launched at a ceremony in Colombo with the participation of Economic Development Minister Basil Rajapaksa on Thursday November 20. Senior journalist Nimal Weeratunga is the editor of Sathipola which is being published to empower the rural business community.

Today Sri Lanka has 481 main Sathipolas (weekly fairs) which have been set up as barter centers for products from towns and villages. This trading system has been a part of Sri Lanka’s culture linked to her economy since ancient times. Eighty percent of Sri Lanka’s population live in the rural and plantation areas. A recent study revealed that 90 percent of villagers visit these weekly fairs.
‘Sathipola’ was launched under Economic Development Minister Basil Rajapaksa’s direction at the Mahaweli Centre Auditorium, Colombo, where large number of people, both the clergy and were present. The event was presided over by the Sabaragamuwa University Chancellor, Ven. Prof. Kamburugamuwe Vajira Thera. ‘Sathipola’ Publisher W and W creation house chairman Udaya Walisinghe presented the first issue of the weekly to Minister Rajapaksa.

Addressing those present Media Ministry Secretary Charitha Herath expressed his gratitude to the Sathipola Editorial staff for identifying one problem which hundreds and thousands of self-employed persons faced in not having business information they required in Sinhala. He pointed out that national development means developing the country economically.

‘Sathipola’ Publisher Udaya Walisinghe stressed the necessity of Sathipola fairs not only for bartering products from rural areas but also as a market for products brought from outside thus making it a centre for customers to buy items at reasonable prices.

‘Sathipola’ Editor Nimal Weeratunga said that the launch of the new weekly is the outcome of Minister Rajapaksa’s efforts to modernise Sathipolas at a national level to ensure food security and self-sufficiency in food for all citizens.

Minister Rajapaksa presented Victor Hettigoda Chairman of the Siddhalepa Group of Companies with an award in appreciation of his contributions to the business sector.Several other members of the clergy and laity also spoke.